If you want a massive return, you've found it.
More return than Return of the Mack, Return of the Jedi, Return to the 36 Chambers because this one is NOT IN THE HOTEL MANAGEMENT!!!
Rental Appraisal: $400 - $420 per week = approximately $21,000/annum
BC Levy + Ground Rent + Rates = $12,546.17/annum
NET INCOME: $8,400 approximately (is that roughly 13% Net Return on asking price?)
A proper 1-bedroom layout and Auckland Council has this at the preferred size of 40sqm (more or less).
For owner occupiers, This is one of the most affordable entry points into home ownership, offering the ability to live in your own property with very manageable outgoings. The home also comes with a full furniture package which means you can move in with your suitcase.
Only asking $62,900 this property is set to go, are you? If you want passive income, if you want a WAY better return that in the bank, call now.
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